China Commits $1.3B to Nigeria’s Lithium Sector to Ignite EV Industry
Nigeria’s drive to add value to its mineral wealth is gaining momentum. A $1.3 billion Chinese investment in lithium refining will support local electric vehicle manufacturing. Under the new mining policy, companies must process critical minerals here before export. The aim is to spur job creation, technology transfer, and broader industrial growth. Lithium is critical for rechargeable batteries used in EVs, solar storage, and industrial power systems. Nigeria’s notable deposits lie in Nasarawa, Kaduna, Kogi, Kwara, and Ekiti. This Chinese-backed project will fund local refining facilities and lay the groundwork for battery and EV assembly plants. Analysts call it a key step in Nigeria’s clean energy transition.
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